Coal Cleanup Taxpayer Protection Act of 2024

HR 7940, the Coal Cleanup Taxpayer Protection Act of 2024, changes bonding rules for coal mining reclamation. It bans self-bonding (where mining companies guarantee their own cleanup costs) for both federal and state programs, requiring operators to replace existing self-bonds within 90 days or at permit renewal. The bill also mandates states to submit detailed reports on past bond forfeitures and financial forecasts, and establishes new rules for surety bonds and collateral - prohibiting coal mines, equipment, or coal itself as collateral. These changes directly affect coal mining operators, state regulators, and federal oversight under the Surface Mining Control and Reclamation Act.